Gas Separation Membranes Market Size, Share, Leading Players and Analysis up to 2026
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Stratview Research has published a new report on the Gas Separation Membranes Market and bifurcated the market by Material Type (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate, and Others), by Application Type (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, and Carbon Dioxide Removal), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
According to the report, gas Separation Membranes is likely to witness an impressive CAGR of 8.2% during the forecast period. Gas separation membranes are employed to isolate and sanitize a specific component from the rest of the vapor mixture or rest of the gas. Gas separation membrane technology is extensively used for gas processing application in industries, such as petrochemical, chemical, and manufacturing. Growing demand from these industries drive the market for gas separation membranes globally.
What is gas separation membrane?
Gas Separation Membranes are mainly an interphase that is used in separation gases from a mixture. Gas Separation Membranes can be made up of polyimide & polyaramide, polysulfone, cellulose acetate, and others. Nitrogen generation & Oxygen enrichment, hydrogen recovery, and carbon dioxide removal are some of the application areas where gas separation membranes are used.
How does the report help?
The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
KEY BENEFITS:
- This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Gas Separation Membranes Market.
- The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
- The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
- The report highlights the value chain analysis that offers key insights to the stake holders of this market.
Segment-Wise market Analysis
Based on the material type, the market is segmented as polyimide & polyaramide, polysulfone, cellulose acetate, and others. The polyimide & polyaramide segment dominated the market in 2018, owing to its remarkable properties, such as thermal stability and selectivity.
Based on the application type, the market is segmented as nitrogen generation & oxygen enrichment, hydrogen recovery, and carbon dioxide removal. In 2018, the carbon dioxide removal segment led the market as the largest segment.
In terms of regions, Asia-Pacific is expected to be the largest market for gas separation membranes in the coming five years. China and India are the growth engines of the region. The market is driven by the increasing industrialization which propels the gas exploration activities in the region. North America and Europe also offer sizeable growth opportunities during the forecast period.
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